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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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Placement

18.07.2007

ersol successfully completes placement of cash capital increase

- Issuing volume of around EUR 56.2 million
- Trading in new shares scheduled to begin on 23 July 2007

Erfurt-based ersol Solar Energy AG (ersol) has successfully completed
its prospectus-free cash capital increase with subscription rights in
the amount of 923,524 ordinary bearer shares. Completion of the
capital increase is expected to be registered with the commercial
register on 19 July 2007. With a subscription price of EUR 60.00 per
share and a placement price for the shares not subscribed to by
existing shareholders of EUR 65.00 per share total proceeds amount to
around EUR 56.2 million (before transaction costs).

The newly issued shares carry full dividend rights as from 1 January
2007.

The new shares are expected to be included in the listing of the old
shares on the Frankfurt stock exchange under the international
identification number ISIN DE0006627532 as from 23 July 2007.